The ONDO cryptocurrency has been experiencing a corrective phase, with a 50% correction over the past two months. It recently faced rejection from the $0.8000 mark and saw a double top formation. The price is heading towards retesting the previous month's low of $0.5500, indicating bearish momentum. However, there are signs of a potential bullish reversal, with the RSI line close to crossing the signal line and the MACD indicator suggesting a short-term bullish reversal. Volume surge indicates growing interest from investors, potentially fueling a trend reversal. Analysts suggest that the best buy zone for ONDO is around $0.45. The current price is $0.5849 with an intraday surge and a rise in trading volume. Sentiment and active addresses data suggest a change in investors' mindset, but network growth has declined. Futures open interest has increased, indicating long buildup activity by traders. Immediate support levels are at $0.5470 and $0.5300, while resistance levels are at $0.6000 and $0.6200.



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